Add Yahoo as a preferred source to see more of our stories on Google. The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech ...
Payment processor TabaPay said it has agreed to acquire the operating assets of Synapse Financial Technologies, a troubled banking-as-service fintech. According to TabaPay, the sale follows Synapse’s ...
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Banking-as-a-service platform Synapse laid off 40% of its workforce, or 86 employees, on Monday, October 2. Synapse’s platform helps other startups offer deposit, payment and credit products by acting ...
Sankaet Pathak is the founder of Synapse, which filed for bankruptcy. A banking-as-a-service middleware platform's slide into bankruptcy is another sign of trouble for this business model, where ...
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.
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